Saturday, 12 April 2014

Equity Trading Tips for April 15,2014

ECONOMY ANALYSIS
  • Sensex, Nifty end in red; Infosys up 1% ahead of Q4 results
  • Exports up 3.98% to USD 312.35bn in 2013-14 
  • Nomura sees March CPI at 8.4%; trade deficit at 3-year low 
  • IndusInd Bank down 2.5%, FII investment reaches upper limit
  • High on Modi, Gujarat-based stocks return upto 170%
  • First in FY14: RBI didn't buy dlrs in Feb; sold $530 mn
MARKET ANALYSIS
  • After remaining under pressure for the whole day, the market ended on a negative note. The Sensex was down 86.37 points at 22628.96, and the Nifty was down 20.10 points at 6776.30. About 1473 shares have advanced, 1227 shares declined, and 171 shares are unchanged. Sun Pharma, TCS and Wipro were up over 1 percent each. Cipla and Infosys were other gainers in the Sensex. Among the laggards are M&M, Tata Motors, Reliance, SBI and GAIL.
  • The market continued to trade lower weighed down by profit booking in index heavyweights HDFC and Reliance Industries. However, the buying in HDFC Bank and ITC capped the downside. The Sensex went down 147.63 points to 22567.70 and the Nifty fell 40.35 points to 6756.05. About 1347 shares have advanced, 1216 shares declined,and 183 shares are unchanged. Housing finance company HDFC and petrochemical major Reliance Industries dropped nearly 2 percent. Top private sector lender ICICI Bank and engineering & construction major L&T slipped over a percent. 

MAJOR INDICES

INDIAN MARKET

INDEX
CLOSE
CHANGE
% CHANGE
SENSEX
22628.96
-86.37
-0.38
NIFTY
6776.30
+20.10
-0.30
BANK NIFTY
12840.20
-109.20
-0.84

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